I'm pretty confident, it's in relation to expenses with Mt.Magnet. Everything leads to this:
1) No dividend this half - the reason given was uncertainty relating to expenses with Mt.Magnet.
2) The Mt.Magnet budget was considered with a view to a smaller operation. An intention to expand the mill capacity may require additional funds.
3) Cash flows from WD last quarter and this quarter were and will be considerably less.
4) When I last spoke to Ian, acquisitions were not on the horizon. DRM may just be that, putting a foot in the door.
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Last
$2.49 |
Change
0.030(1.22%) |
Mkt cap ! $2.897B | |||
| Open | High | Low | Value | Volume |
| $2.47 | $2.50 | $2.44 | $3.229M | 1.304M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 137643 | $2.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.50 | 99209 | 28 |
View Market Depth
| Last trade - 11.57am 18/07/2025 (20 minute delay) ? |
| RMS (ASX) Chart |